VWO Options History — March 2026

In March 2026, VWO traded between $52.33 and $57.28. ATM implied volatility averaged 30.7%, placing in the 34.6% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 8.3% (HV 20d: 22.4%). Max pain ranged from $55.00 to $57.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 3.15.

Notable Days

  • 2026-03-12: Highest Volume — 6,003 contracts
  • 2026-03-03: Largest IV spike — 34.2% change
  • 2026-03-09: Highest IV Rank — 48.8%
  • 2026-03-30: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.36$52.33$57.28$57.28$53.91
Max Pain$55.59$55.00$57.00$57.00$55.00
ATM IV30.7%24.5%38.5%24.5%31.7%
Expected Move8.7%7.0%10.6%7.0%9.1%
HV 20d22.4%15.5%26.9%15.5%26.6%
HV 60d17.3%13.4%20.5%13.4%20.5%
IV Rank34.6%23.1%48.8%23.1%36.4%
IV Percentile96.9%93.3%99.2%96.8%95.6%
Term Structure-2.1%-6.3%0.5%-3.8%-1.7%
VWIV28.0%24.2%35.2%24.2%33.2%
Skew 25d7.0%3.1%9.2%3.1%8.8%
Skew 10d14.9%2.8%22.6%9.0%22.6%
Call IV 25d25.9%23.0%33.4%23.0%28.5%
Put IV 25d32.9%26.1%41.6%26.1%37.3%
Bid-Ask Spread %45.7823.3080.0773.0128.39
Gamma HHI0.140.090.430.130.09
Net GEX142.2K-4.1M2.4M2.4M454.9K
Net DEX704.1K-25.0M25.8M-25.0M1.4M
Net VEX-175.3K-189.0K-155.7K-186.6K-183.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.150.0429.811.441.00
Total Volume1,304.3181706,0034981,007
Total OI33,317.31827,94038,65032,68131,084

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$57.28$57.0024.5%7.0%15.5%23.1%24.2%3.1%-3.8%2.4M-25.0M-186.6K1.4473.01N/AN/A20429419,78212,899
2026-03-03$55.25$57.0032.8%9.4%20.2%38.5%30.1%7.7%-6.3%686.9K-4.4M-189.0K5.1567.99N/AN/A2951,52019,83313,165
2026-03-04$55.66$57.0030.0%8.6%20.4%33.2%28.5%9.2%-6.2%749.0K-7.6M-182.1K3.5871.45N/AN/A13046519,89113,265
2026-03-05$54.69$55.0032.3%7.6%21.2%37.4%31.2%6.8%-1.1%278.4K2.2M-184.2K0.6672.07N/AN/A30320019,99213,718
2026-03-06$54.45$55.0036.9%8.3%21.1%46.0%25.9%4.5%-3.2%242.0K3.4M-183.2K0.1279.80N/AN/A4135120,06113,822
2026-03-09$55.11$55.0038.5%8.0%20.1%48.8%27.5%8.3%-0.5%368.0K-932.1K-179.4K0.5378.87N/AN/A49526020,00113,863
2026-03-10$55.56$55.0031.3%7.6%19.9%35.6%24.4%6.1%-1.9%679.2K-6.1M-175.9K0.2372.70N/AN/A2786420,18214,081
2026-03-11$55.53$55.0026.0%7.4%19.8%25.9%27.8%6.5%-1.0%453.6K-4.4M-169.5K0.5580.07N/AN/A1106020,22514,115
2026-03-12$54.36$55.0028.1%10.3%20.5%29.9%25.2%6.0%-1.4%-401.3K5.8M-162.1K0.0527.93N/AN/A5,69830520,24814,234
2026-03-13$53.91$55.0028.3%10.3%20.3%30.2%25.2%7.0%-0.8%62.5K5.4M-176.0K0.5927.67N/AN/A17210221,14214,345
2026-03-16$54.92$55.0026.3%7.6%21.8%26.5%24.5%7.9%-0.9%459.2K-2.8M-164.9K0.5230.74N/AN/A24512821,07414,359
2026-03-17$55.23$55.0024.9%7.0%21.9%23.9%25.1%4.6%0.5%-1.0M-7.0M-165.0K29.8130.47N/AN/A1193,54721,18214,441
2026-03-18$54.27$55.0027.0%7.9%22.5%27.8%25.0%5.5%-1.2%-4.1M4.4M-164.3K0.0437.47N/AN/A2,5189821,24716,202
2026-03-19$54.00$55.0027.8%7.9%22.5%29.2%25.1%6.2%-0.6%-485.1K8.0M-172.5K1.8734.00N/AN/A24145022,36916,281
2026-03-20$52.50$56.0031.8%9.2%22.9%36.6%29.0%7.1%-2.6%405.0K25.8M-155.7K15.0933.19N/AN/A2964,46722,17016,341
2026-03-23$53.84$56.0028.8%8.3%25.3%31.1%26.7%7.4%-1.2%386.5K438.5K-172.2K0.0527.21N/AN/A1,8018415,74612,194
2026-03-24$53.36$56.0030.8%9.0%24.7%34.7%29.7%7.7%-1.7%322.3K1.5M-178.6K1.0727.97N/AN/A838917,29212,253
2026-03-25$54.34$56.0030.2%8.9%25.8%33.6%27.7%8.1%-2.0%960.2K-5.8M-184.1K0.4523.30N/AN/A1396217,33212,265
2026-03-26$52.92$56.0034.6%9.9%26.8%41.7%33.6%8.4%-3.4%311.8K2.6M-181.7K2.9227.77N/AN/A19256117,42012,298
2026-03-27$52.41$56.0035.8%10.3%26.9%43.9%31.7%9.1%-2.4%13.8K8.2M-175.3K0.1730.75N/AN/A1702917,43712,819
2026-03-30$52.33$56.0037.0%10.6%26.7%46.1%35.2%8.3%-2.9%-85.6K10.2M-171.5K3.4424.25N/AN/A21473617,47512,836
2026-03-31$53.91$55.0031.7%9.1%26.6%36.4%33.2%8.8%-1.7%454.9K1.4M-183.2K1.0028.39N/AN/A50450317,54713,537